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Week 4 Notes

by: Kaitlyn Palmer

Week 4 Notes BUS G 202

Kaitlyn Palmer
GPA 3.5
Business, Government, and Society
Ellie Mafi-Kreft

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About this Document

Week 4 of Notes.
Business, Government, and Society
Ellie Mafi-Kreft
Class Notes
25 ?




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This 2 page Class Notes was uploaded by Kaitlyn Palmer on Thursday February 19, 2015. The Class Notes belongs to BUS G 202 at Indiana University taught by Ellie Mafi-Kreft in Spring2015. Since its upload, it has received 89 views. For similar materials see Business, Government, and Society in Business at Indiana University.


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Date Created: 02/19/15
Topic 2 Global IP Management in the Face of Weak Property Right Regimes 2315 Types of Property Rights 1 Communal Property Rights 0 No single owner everyone has access while it lasts Overutilization occurs no one has incentive to conserve for the future 2 Government Property Rights 0 Property decisions made by a small group of elected political representatives 3 Secure Private Property Rights 0 Give property owners incentive to o Create value with property bene t others 0 Maintain property and conserve for the future 0 Innovate and create new technologies 0 Engage in voluntary exchange 0 Preferred rights where business operate under Intellectual Property IP Rights 0 Patent Exclude others from using producing or selling 0 Ex drugs equipment appliances Trademark Word name or symbol or device used in trade with goods to indicate their source distinguishes goods from competitors 0 Ex Tiffany blue box quotThat s Hotquot Paris Hilton 0 Copyright Right to exclude others from reproducing distributing or performing work 0 Ex writings software music art movies tv programs Gary Becker39s Criminal Decision Current Utility Y0 Expected Utility 1 7tYO G 7tYO F o G payoff of crime 0 Once a particular crime is chosen the payoff is xed so it is not considered strategic to anyone 0 n probability of getting caught 0 Gov t can affect with detection technology 0 Criminals can affect this with their technology o F size of the punishment 0 Strategic variable for government Y Income 0 Changes in income to not affect the decision to commit a crime in this simple model Current Utility current satisfaction Commit crime if expected utility from committing the crime is greater than the current utility Don t commit crime if expected utility from committing the crime is less than the current utility If equal to each other cannot conclude something from it


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